Could NFTs and crypto help Japan’s ‘Cool Japan’ strategy?
Crypto-adjacent technologies could be a valuable part of Japan's strategy to promote its culture and boost its economy.
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Crypto-adjacent technologies could be a valuable part of Japan's strategy to promote its culture and boost its economy.
A group of major Japanese technology companies including Fujitsu Ltd. and Mitsubishi Corporation came together in a new agreement to help advance the country’s metaverse sector.
Numerous community members received their funds as FTX investors in other countries remain hopeful of a similar outcome.
According to the crypto exchange, 7,026 FTX Japan account holders had moved funds from the firm to Liquid Global — a requirement in order to withdraw assets.
“We are very sorry for the concern and inconvenience caused to our customers due to the suspension of our services,” the exchange wrote.
FTX Japan Holdings, FTX Japan and FTX Japan Services were three of FTX’s 134 subsidiaries caught up in the firm’s Chapter 11 bankruptcy filing in the United States.
The Bank decided to launch a pilot program for “digital yen” in April, after finishing its Proof of Concept testing, that has begun in 2021.
Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions.
Ripple CEO Brad Garlinghouse said the firm’s XRP lawsuit could come to an end within “single-digit months.”
Coinbase crypto exchange originally started planning its Japanese expansion during the bear market in 2018.